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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 67,823 $ 183,626 $ 68,906
Non-cash items:      
Depreciation and amortization 104,149 73,760 53,292
Loss (gain) on sale of vessels 20,594 (771) (9,955)
Unrealized gain on derivative instruments (9,679) (8,193) (11,676)
Equity income (7,680) (11,528) (4,951)
Other 10,063 3,034 (1,260)
Change in operating assets and liabilities 30,004 1,655 (60,847)
Expenditures for dry docking (8,608) (39,617) (17,072)
Net operating cash flow 206,666 201,966 16,437
FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs 906,149 688,695 98,796
Repayments of long-term debt (162,092) (40,029) (20,367)
Prepayment of long-term debt (979,877) (191,592) (167,000)
Net advances from affiliates 0 (825) (17,376)
Equity contribution from Teekay Corporation 0 0 1,267
Return of capital to parent 15,000 0 0
Acquisition of the SPT Explorer and Navigator Spirit from Teekay Offshore Partners L.P. 0 (31,870) 0
Cash dividends paid (46,847) (15,139) (10,165)
Proceeds from equity offerings, net of offering costs 7,558 242,264 111,190
Other (744) (1,122) (255)
Net financing cash flow (290,853) 647,678 6,150
INVESTING ACTIVITIES      
Proceeds from the sale of vessels and equipment 27,550 11,080 154,000
Expenditures Principal Maritime Vessel acquisitions (9,226) (236,229) (2,084)
Deposit for vessel purchase 0 0 (3,700)
Investment in term loans 0 0 1,179
Net investing cash flow 21,824 (880,881) 116,300
(Decrease) increase in cash and cash equivalents (62,363) (31,237) 138,887
Cash and cash equivalents, beginning of the year 156,520 187,757 48,870
Cash and cash equivalents, end of the year 94,157 156,520 187,757
Principal Maritime Tankers [Member]      
INVESTING ACTIVITIES      
Expenditures Principal Maritime Vessel acquisitions 0 (612,000) 0
Ship-to-Ship Transfer [Member]      
INVESTING ACTIVITIES      
Acquisition of SPT 0 (45,581) 0
Entities Under Common Control [Member]      
FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs 0 0 10,368
Repayments of long-term debt 0 (4,632) (3,309)
Equity contribution from Teekay Corporation to Entities under Common Control 0 1,928 3,001
High-Q Joint Venture [Member]      
INVESTING ACTIVITIES      
Acquisition 3,500 1,000 1,950
Return of capital from equity accounted investment 0   0
Gemini Tankers L.L.C. [Member]      
INVESTING ACTIVITIES      
Return of capital from equity accounted investment   1,088  
Teekay Tanker Operations Ltd [Member]      
INVESTING ACTIVITIES      
Acquisition 0 (239) 0
Tanker Investments Ltd [Member]      
INVESTING ACTIVITIES      
Acquisition $ 0 $ 0 $ (35,045)